Martha Cecilia

Martha has always been known as a hard worker, and thanks to this quality she and her husband and son have been able to get ahead. Martha comes from a family of farmers so she learned about raising livestock from a very early age. She and her husband grow vegetables and, with the dairy cattle that Martha looks after, they generate enough income to maintain their household. In order to buy more cattle for her land, Martha is requesting a loan to buy two dairy cows.

Martha hopes to be able to increase her earnings considerably because she will be able to sell milk to her customers, meaning her family will have a better quality of life. Martha's goal is to have a large business raising dairy cattle, chickens, pigs, and other livestock.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.